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20 Jun 2016 07:00
20 June 2016
Premier Technical Services Group PLC
("PTSG" or the "Group")
AGM Statement
At today's Annual General Meeting of Premier Technical Services Group PLC, the niche specialist services provider, John Foley, Chairman, will provide the following update to shareholders:
"I am pleased to report that the Group has achieved record sales in the year to date, particularly in the installation divisions, and that working capital utilisation and profit levels are in line with the Board's expectations.
"Our contract renewal rates remain high at 85% and the Group has secured new contract wins across all its disciplines, including a number of multi-discipline framework agreements with new and existing customers. The six acquisitions completed in 2015 are delivering healthy contributions to turnover and profit and have been successfully integrated into the Group.
"The Board is confident that the business is in a strong position to continue to grow both organically and through carefully selected acquisitions."
For further information, please contact:
PTSG | +44 (0)1977 668 771 |
Paul Teasdale, Chief Executive Officer
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N+1 Singer | +44 (0)207 496 3000 |
Sandy Fraser / James White
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Hudson Sandler | +44 (0)207 796 4133 |
Cat Valentine / Katie Matthews |
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About PTSG - www.ptsg.co.uk
PTSG is the UK's leading provider of façade access and fall arrest equipment services, lightning protection and electrical testing, high-level cleaning and training solutions.
Operating through four divisions, Access & Safety, Electrical Services, High Level Cleaning and Training Solutions, the Group provides highly-engineered industrial products and quality services and has a substantial presence in a number of niche markets.
PTSG provides a central information service for its businesses and champions the dissemination of key information and best practice. PTSG unites its constituent businesses under one clear identity, which supports smarter working and delivers top class service to its customers.
Headquartered in Castleford, West Yorkshire, the Group employs more than 350 people across 14 UK sites, who service more than 100,000 buildings across the whole of the UK for over 12,000 customers in a wide range of industries.
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